Billing, Settlements & Credit PJM manages all aspects of the electric grid and the wholesale market, including the purchase and sale of energy, transmission services and ancillary services. PJM provides weekly and monthly invoices for each market participant. The market settlements and billing FAQs provide an introduction to how charges are billed in the market. Guides Date Guide to Billing: PDF | WEB Contains billing line items, charges/credits and references Credit Overview & Supplement PDF An overview of the credit policy and requirements, and supplement to the Open Access Transmission Tariff, Attachment Q Tariff WEB | PDF - Attachment Q Market Settlements Reporting System Reports Documentation Drivers of Uplift 5-Minute Settlements Update billing contacts in the Membership Management Community Reconciliation Billing Determinants Monthly | Hourly | Daily Billing Determinant Definitions Reconciliation billing determinants are used by PJM to reconcile past months' billings between EDCs and Retail Load Aggregators (a.k.a. Electric Generation Suppliers) for certain allocations that are based on real-time load ratio shares. The reconciliation kWh data supplied to PJM by the EDCs, which represents the difference between the scheduled Retail Load Responsibility InSchedule and the "actual" customer usage based on metered data, are multiplied by the applicable billing determinants to determine the reconciliation billing amounts for each of the following: Scheduling, System Control & Dispatch Service Charges PJM Charges - June 2006 - present Monthly $/MWh rate calculated as PJM's Control Area Administrative Service (Tariff Schedule 9-1) rate, plus PJM's Market Support Service (Tariff Schedule 9-3) rate for transmission customers. Transmission Owner Charges - July 1999 - present Monthly $/MWh rate for each zone as filed in Schedule 1A of the PJM Open Access Transmission Tariff. Regulation Charges Regulation Charges - August 2005 - present Hourly $/MWh rates calculated as total cost of Regulation in applicable PJM Mid-Atlantic or Western Control Zone regulation market divided by total real-time load in that market. Transmission Loss Credits Transmission Loss Credits – June 2007 - present Hourly $/MWh rates calculated as total transmission loss revenues divided by total PJM real-time load plus exports. Synchronized Reserve Charges Synchronized Reserve Charges - May 2006 - present Hourly $/MWh rates calculated as total cost of Synchronized Reserve in the applicable reserve zone divided by the total real-time load in that zone. Network Integration Transmission Service Revenue Requirements & Rates Date June 2025: PDF PDF | XLS XLS 5.30.2025 January 2025: PDF PDF | XLS XLS 1.16.2025 June 2024: PDF PDF | XLS XLS 7.2.2024 January 2024 PDF 1.22.2024 Past Years 2023 | 2022 | 2021 PDF THEO, PLC & NSPL Methodology Inventory An inventory of the procedures for calculation of THEO, PLC, and NSPL for each of the electric distribution companies. Formula Rates Network Service Peak Loads Date 2025 PDF 11.15.2024 2024 PDF 11.15.2023 2023 PDF 11.15.2022 2022 PDF 11.16.2023 2021 PDF 2.8.2023 Past Years 2020 | 2019 | 2018 | 2017 | 2016 PDF Border Yearly Charge (Revised pursuant to FERC Settlement Order issued in Docket No. ER19-2105): Date 2025 XLS 12.2.2024 2024 XLS 12.1.2023 2023 XLS 12.14.2022 2022 XLS 12.14.2022 2021 XLS 12.14.2022 2020 XLS 12.14.2022 Transmission Enhancement Worksheets 2025 Date June XLS 6.6.2025 April XLS 4.28.2025 March XLS 4.4.2025 February XLS 2.24.2025 January XLS 2.24.2025 2022 Cost Allocation Updates – Docket No. ER23-1399 2022 Cost Allocation Updates XLS 6.15.2023 Past Years 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 ZIP Reactive Supply & Voltage Control Revenue Requirements Reactive Supply and Voltage Control from Generation or Other Source Service Frequently Asked Questions PDF 2025 Date May XLS 6.6.2025 April XLS 5.6.2025 March XLS 4.4.2025 February XLS 3.6.2025 January XLS 2.5.2025 Past Years 2024 | 2023 | 2022 ZIP Balancing Transmission Congestion Preliminary Billing Data Balancing Transmission Congestion Preliminary Billing Data Preliminary Billing - Ancillary Services Market Data Regulation: PJM Synchronized Reserve: PJM, Day-Ahead Scheduling Reserve, Non-Synchronized Reserve Black Start Revenue Requirements 2025 Date May XLS 6.5.2025 April XLS 5.7.2025 March XLS 4.4.2025 February XLS 3.6.2025 January XLS 2.6.2025 Past Years 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 ZIP Contact PJM (866) 400-8980 (610) 666-8980 Other Contacts Email: Credit Group Market Settlements Group Cash Management Group Credit PJM Settlement, Inc. - Credit New to Billing, Settlements & Credits? Market Settlements/Billing FAQs Guide to Billing: PDF| WEB Monthly Billing Statement Example Quick Reference Guide to Market Settlements by Type of Business PDF Subscribe to the Bill Notice Email List Training How billing, settlements and credit work at PJM Market Settlements 101 Market Settlements Advanced Market Settlements Subcommittee (MSS) Upcoming Meetings | Past Meeting Materials Issue Tracking Subscribe to the MSS email list Weekly Billing Calendars Learn how to add the Market Settlements Billing schedule to your personal calendar June 2024 - June 2025 PDF June 2025 - June 2026 PDF All dates - Web version PJM Business Holiday Calendar: 2025 | 2024 PDF Holiday Deadline Extensions: 2025 | 2024 PDF Manuals M-27: Open Access Transmission Tariff Accounting WEB | Current PDF | Redline PDF M-28: Operating Agreement Accounting WEB | Current PDF | Redline PDF M-29: Billing WEB | Current PDF | Redline PDF Agreements Operating Agreement WEB | PDF Open Access Transmission Tariff WEB | PDF 6.3.6